BTC Grind Continues

Bitcoin continues to consolidate after breaking lower over the weekend. The pattern started forming on April 15 this year when Bitcoin was $64,400. It then dropped as Bitcoin halving happened to $28,000 and then rose again to make a new all-time high last month. With last weekend’s drop, Bitcoin should complete the cup and handle pattern on a daily chart this month. If Bitcoin respects the pattern, we might see Bitcoin regain strength above $60K.  However, if it fails to do so and falls below $45K, a deeper slide to $40K is likely